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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Comment by goldhunter11on Jul 17, 2018 11:02am
115 Views
Post# 28326682

RE:This just in from TD: the 'insiders' are actually outsiders

RE:This just in from TD: the 'insiders' are actually outsidersMyrtles,
Just to be sure that we know where this blurb is coming from.
- It's not written by TD, it was written by the FG, and
- Sent to GlobeNewswire where it would be picked up by various group

https://globenewswire.com/news-release/2018/07/17/1538208/0/en/Eric-Owens-Realistic-Approach-to-Wealth-Creation-for-Alexandria-Shareholders.html

It's interesting to note that EO is now advocating a much smaller Financing package ~$6M. Back to the same old scheme: doing a PP for about $5M at a time, do some drilling and reapeat the cycle, a well-worn formula that has been working extremely well for salary and option collectors during the last many years?
GH
-------------------

Myrtlesman wrote: Only your last vote counts.....

Eric Owens' Realistic Approach to Wealth Creation for Alexandria Shareholders
2018-07-17 07:37:20 AM ET (GlobeNewswire)
   
   

Eric Owens and the Founder's Group have tried in the period leading up to the special meeting of Alexandria Minerals Corporation ("Alexandria" or the "Company") to be held next Tuesday, July 24, 2018 (the "Meeting") to give shareholders an understanding what has occurred to bring us to the current state of affairs and to provide some insight into his plan for the Company going forward.

Taking action to change the board was admittedly a significant step, but Mr. Owens believed it was the right step for Alexandria and its shareholders. As a consequence, his employment was terminated and he has been unjustly accused of a number of things, all of which are false. You have likely seen these accusations in the myriad of press releases and mailings the company has sent you - allegations that Mr. Owens had raised $20m for Alexandria without the board having knowledge or providing approval, allegations that somehow a reputable major law firm had accepted financing funds into its Law Society-regulated trust account under Mr. Owens' own name, allegations that he mislead the market but without any proof of misleading conduct or evidence that anyone was mislead, and so on. Alexandria would have you believe that his termination was the result of these unfounded allegations, but the facts don't support this claim.

Current management was (understandably) worried that the shareholders would approve the change of board at the Meeting and decided to attack Mr. Owens, personally and professionally, as a result. All we can ask is that you review the information on the public record with an open mind and ask yourself, in light of the circumstances, do any of these allegations have a ring of truth? Below we expand on Mr. Owens' plans for the Company, and why we believe his vision is in the best interests of Alexandria and its shareholders.

Our Plan: Realize Alexandria's True Potential

The Founder's Group has only ever had one plan that is realistic and time-tested for discovery in the mining industry, and follows the path that our former neighbour, Integra Gold, followed when they sold in 2017 for $565 million. It is a path of gold discovery and wealth creation.

-- Throughout its 2.5-year period of aggressive exploration drilling, Integra Gold raised $113M over 10 financings, increasing the number of shares outstanding by 240%.

-- Yet their share price grew steadily, tripling by the second half of 2016. By the time of the sale, its share price had increased 600% to $1.21.

-- Alexandria's property along the Cadillac Break is 5 times larger than Integra's.

Financing

Our goal in December 2017 was a $5M - $7M financing. But such was the enthusiasm for our projects, that Mr. Owens raised $20M at an average price of 9.2 cents per share (which was then the market price) by January 2018.

-- This was not an insider financing as current management accuses, and it was not a Bay Street financing. Instead, we brought in new investors who truly believed in Alexandria's upside value from gold discovery.

-- The three principals were a diversified group of investors: a major mining company, a New York investment fund and a European investment bank.

-- Our plan is to revive this financing - again aimed modestly at $5M - $7M given the current situation - Mr. Owens has remained in close contact with this group who still believe in a bright future for Alexandria Minerals and, who we believe, remain committed to a financing.

Find Gold

Here is how we expect to find gold:

-- Redo the inaccurate and incomplete 43-101 Resource Estimate using the appropriate geologic models, incorporating the missing 25% of drill samples and, perhaps, adding in results from the January drilling (a further 15% of all drilled samples). This will increase our samples by 40%.

-- Reinstate the board-approved 60,000-metre drill program, cancelled by management after only 6 weeks for reasons never explained to shareholders.

-- Use the 43-101 Resources Estimate in the way it was always intended: as a road map on our discovery path. This information will guide our program, based on the new geologic interpretation (praised by John Kaiser last summer: New Geologic Model).

You can Vote Multiple Times - Only Your last Vote Counts

Eric Owens' superior vision is the platform of the Founder's Group's efforts to grow shareholder value, which stands in stark contrast to the current board's lack of direction. We encourage you to vote with him on the YELLOW ballot.

Shareholders must cast their vote no later than 5:00 P.M. (EST) on Thursday, July 19, 2018 or at least 48 hours (excluding Saturdays, Sundays and statutory holidays) prior to the time of any adjournment or postponement of the Meeting.

Save your company by voting the YELLOW proxy form:

-- FOR the Board Size Resolution

-- AGAINST the Former CEO Removal Resolution




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